Word: fallen
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Dates: during 1980-1989
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Nobody's Perfect: President Derek C. Bok may be a Stanford University alum, but Harvard officials are still a bit touchy when it comes to their West Coast rival. So when a reporter asked Vice President for Finance Robert H. Scott why Harvard had fallen behind Stanford in fundraising for three straight years, he answered quickly, "We made a mistake...
...month Frank apologized to other Democrats for the embarrassment he was causing. The audience's eyes were not averted as usual, says one Congressman, because "Barney was living in a different world in 1985 that most of us don't understand . . . We have all been stupid when we have fallen for the wrong person. Most of us were lucky enough to do it when we were younger...
Milken's creation had fallen on hard times even before the Campeau mess. So far this year, borrowers have defaulted on a record $3.2 billion worth of junk bonds, already $1 billion more than during all 1988. Among the notable casualties was Merv Griffin's Resorts International, which conceded last month that it could not meet its annual interest and principal payments of $133 million...
...situation got so bad that by July the wildly-fluctuating Argentine currency (the austral) had fallen during the past year from a value of about $1.25 to roughly one-seventh of a cent. Every Monday morning, the banks were flooded with people desperately trying to change their fast-depreciating australs to U.S. dollars, the de facto national currency that is welcomed almost anywhere...
...thanks to an emergency plan that included a wage and price freeze and massive increases in public utility tariffs, inflation has fallen steadily: to 33 percent in August, 10 percent this month. Economists are even predicting negative inflation for next month...